Resolution and Litigation by Chagrin Falls and Cleveland Shareholder Dispute Attorneys
Strong counsel when shareholders argue over control, breaches of fiduciary duty, ownership, and other corporate and business issues
Shareholder disputes and partnership conflicts can prevent corporations and businesses from functioning. They can cause a change in ownership, a change in who controls the company, and distress among the officers and company employees. They can stop or slow production, affect the ability to contract with vendors and suppliers, and directly impact customer relations.
At Gertsburg Law, our Chagrin Falls and Cleveland shareholder dispute lawyers understand why these disputes occur, the strategies for resolving them amicably, and how to litigate them aggressively when friendly solutions can’t be found. We understand that shareholder disputes may be based on emotional issues or that there may be justifiable concerns about how the business is run. Some disputes are simply a matter of the shareholder wanting to move on and get fair value for his/her financial stake in the corporation. Others are more complicated.
Types of shareholder disputes
Shareholders are supposed to act for the good of the company and the other shareholders. Those who fail this duty to act beneficially may be liable for a breach of fiduciary duty.
Shareholders may be entitled to bring derivative lawsuits. These are actions brought by shareholders for a corporation against individuals, such as corporate officers, directors, or majority owners, to force the defendants to act. They are brought when the company itself declines to act.
Other types of shareholder disputes Gertsburg Law handles are:
- Disputes with owners and managers for misconduct, nonperformance, or neglect
- Conflicts of interest where a shareholder works for his/her own self-interest against the interests of the company
- Complaints about executive compensation
- Disputes when there is a deadlock among corporate officers
- Conflicts about the value of buyout provisions for corporate officers or other shareholders
- Disputes about the value or the ownership of the shares
- Violations of trade secrets
- Merger and acquisition conflicts
- The rights of minority shareholders
Shareholder disputes are usually controlled by the terms of the shareholder agreements and the bylaws of the company. Disputes can be tried in court, at arbitration panels, or through mediation depending on the document provisions and the consent of the parties to the dispute.
Our Cleveland shareholder dispute attorneys can handle these disagreements across a variety of industry sectors. We litigate and negotiate disputes for all sized businesses, from large national companies to closely held corporations.
Contact an experienced Ohio shareholder dispute attorney today
Early resolution of disputes can benefit everyone involved. When disputes are damaging the company, a Chagrin Falls or Cleveland shareholder dispute lawyer from our team understands how to identify the core of the problem because of past business and litigation experience. When settlements can’t be reached, we work aggressively to determine responsibility and make any liable parties pay the full damages the contracts and the law allows. To speak with a firm with a national reputation and national abilities to litigate or settle shareholder disputes, please call Gertsburg Law for an appointment. We can be reached at 440-683-6383 or by completing our contact form.